As a life of a lifetime and former governor of Virginia, I have always believed that our party should be on the side of growth, innovation and economic opportunity. That is why I worry that too many democrats are on the sidelines or get in the way of one of the most transformative financial innovations of our time: blockchain and cryptocurrencies.
Blockchain and Crypto are already promoting employment creation throughout the country, from data centers and fixing startups to cybersecurity companies and developers that work in decentralized infrastructure. This technology means more jobs, higher wages and more money in people’s pockets, especially in the communities that the traditional financial system has left behind.
The numbers do not lie. Voters overwhelmingly support the integration of cryptography into the US financial system. More than two thirds of Americans believe that there should be lighter rules and regulations for the cryptographic industry, instead of leaving it largely not regulated, according to multiple leading public opinion surveys in the industry.
And two thirds believe that the current global financial system favors powerful interests and not them. Democrats must understand that voters want an alternative to the current financial system that provides them with the economic freedom that is needed desperately. That is a middle -class winning message.
These numbers reflect a clear mandate for action. However, the leadership of our party has often approached cryptography with skepticism or absolute hostility, creating a partisan division about an innovation that should transcend political limits.
This misalignment became painfully evident during recent elections, with Republicans, including Donald Trump, having embraced cryptography, while the Democrats seemed out of contact with the technological revolution that remodeled our economy. We cannot afford to give this land, especially when Crypto and Blockchain offer solutions to many of the economic challenges that we have long sought to address.
The Democratic Party has always resisted the expansion of economic opportunities and ensure that working people do not take advantage of powerful financial institutions. As a lifetime entrepreneur and former governor of Virginia, I have seen how hugged innovation can open doors for workers, companies and families in every corner of our economy. Cryptocurrencies and blockchain technology are no exception: they offer real tools to increase financial inclusion, expand access and create well -paid jobs.
This is not just the theory, it is what voters tell us. Color communities and younger Americans, especially young men, see real promise in cryptography as a path to economic empowerment. These are central democratic constituencies, and will be essential to recover the map in 2028 and beyond. If we want to continue being the opportunity party, we have to lead the way in the regulation with vision of the future, not on the path of progress.
Cryptography innovation means financial services for communities traditionally unattended by conventional banking systems, offering faster and faster transactions and broader access to capital. For minority communities, in particular, who have historically faced discrimination in traditional banking, cryptography represents a path to financial empowerment through self -ustody and the choice of consumer. Small businesses should not have to pay 3, 4 or 5% of their profits to companies when transactions can be made at a cost fraction. Crypto will create a payment system that benefits consumers and small businesses everywhere.
Now, we have a crucial opportunity to correct our course. The Genius Law, which now expects action in the Chamber, presents a framework for the intelligent and progressive regulation that positions the United States as a global leader in Stablecoins.
The stable are cryptographic tokens backed by US dollars maintained in a bank that provides a cheaper and faster way to move dollars than the ACH system with date. This legislation offers a balanced approach that encourages innovation, strengthens the US dollar and establishes the necessary railings.
The provisions of the Geniusalize law will rationalize our financial system and eliminate expensive rates that disproportionately affect small companies and low -income Americans. It will mean that Americans can send money to the family abroad in milliseconds, for fractions of a penny, using stable with dollar support such as USDC in fast public blockchains like Solana. This is exactly the type of policy with a future vision that Democrats should be defending; It is about creating a more accessible, efficient and equitable financial system for all Americans.
The current position of our party is not only out of tune with innovation, it is out of tune with the same voters we need to win. Throughout the country, the growing number of Americans, especially younger voters and communities, see cryptocurrency as a path to financial opportunity and economic inclusion. These are the same voters who have long formed the backbone of the Democratic coalition. If we continue treating this technology with suspicion instead of a vision, we run the risk of moving away the people we should fight, not only in the next elections, but in the coming years.
The way forward is clear. Democrats from the House of Representatives must adopt the cryptographic regulation that balances innovation with consumer protection. The Genius law provides this framework for Stablecoins, offering the opportunity to demonstrate our commitment to equity and financial inclusion.
It is not just about winning elections, although that matters, it is about ensuring that the United States leads the next generation of innovation and creates a platform for Americans to have their financial future. At the dawn of the Internet era, the United States led the way with a friendly regulation for innovation and that is why we are the home of almost all important players in the online industry. Today, other nations are moving rapidly to establish themselves as cryptographic centers. We can help shape this future or let the next Silicon Valley be built abroad.
For Democrats, this is a moment of choice. We can continue along our current path of skepticism and resistance, or we can adopt the potential transformative of the cryptocurrency while ensuring that it develops in alignment with our values of equity, inclusion and innovation.
The time has come for Democrats leading the way in cryptographic politics. The future of our party, and the competitive advantage of the United States in the global financial system, can depend on it.
